Documents You'll Need

Income Verification

A recent pay stub showing the pay date, pay amount, your name and the employer’s name.

A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.

If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).

If you are self-employed, provide:

The most recent two years’ NOAs

Your business license, articles of incorporation, or GST registration number

If you earn rental income, provide a copy of each lease, as well as one of:

A Canada Revenue Agency T776 Statement of Real Estate Rentals

Two year’s of T1 generals (personal tax returns)

Two year’s of NOAs

If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.

If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

intelliTip

Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

Proof of Down Payment

If your down payment is coming from savings, a lender will want statements proving that the funds have been accumulated over at least three month’s time.

If your down payment is a gift, provide a statement showing the funds deposited into your account, and get a signed gift letter.

If your down payment is coming from the sale of another property, provide a copy of the final sale agreement for that home, as well as its most recent mortgage statement.

If you are borrowing from a secured line of credit (LOC), you need a copy of the LOC statement showing the funds being withdrawn.

If you’ve put down a deposit on the property, provide a deposit receipt, plus statement(s) showing the deposit funds being withdrawn from your bank account.

intelliTip

Bank or financial statements must always show your name, account number and dates.
Gifted down payments must generally be from a parent, sibling or grandparent. Otherwise the money may be considered borrowed funds, which may affect your ability to qualify.
Online statement printouts are fine, as long as all info appears on one page, or if multiple pages, the account number appears on every page.

MLS Listing

Either an online or Realtor copy is fine.

If you bought your home on a private listing website (like propertyguys.com), provide that listing instead.

Signed Purchase Agreement

You’ll need to provide the final purchase agreement signed by all parties, with all conditions waived.

intelliTip

Make sure it’s legible, all dates are entered and all witness lines have signatures.

Void Cheque

This cheque is used by the lender to deduct payments from.

Identification

Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card).

intelliTip

All ID text, photos and numbers must be clearly visible.

Income Verification

If your income is salary or wages, provide:

A recent pay stub showing the pay date, pay amount, your name and the employer’s name.

A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.

If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).

If you are self-employed, provide:

The most recent two years’ NOAs

Your business license, articles of incorporation, or GST registration number

If you earn rental income, provide a copy of each lease, as well as one of:

A Canada Revenue Agency T776 Statement of Real Estate Rentals

Two year’s of T1 generals (personal tax returns)

Two year’s of NOAs

If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.

If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

intelliTip

Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

Recent Mortgage Statement

Must show your name, property address, balance or original mortgage amount, and monthly payment.

intelliTip

Online screenshots are OK if they show all of the required information.

Void Cheque

Must show your name, property address, balance or original mortgage amount, and monthly payment.

Property Tax Payment

Latest property tax statement and/or proof of payment of tax due.

Identification

Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card).

intelliTip

All ID text, photos and numbers must be clearly visible.

Income Verification

If your income is salary or wages, provide:

A recent pay stub showing the pay date, pay amount, your name and the employer’s name.

A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.

If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).

If you are self-employed, provide:

The most recent two years’ NOAs

Your business license, articles of incorporation, or GST registration number

If you earn rental income, provide a copy of each lease, as well as one of:

A Canada Revenue Agency T776 Statement of Real Estate Rentals

Two year’s of T1 generals (personal tax returns)

Two year’s of NOAs

If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.

If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

intelliTip

Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

Recent Mortgage Statement

Must show your name, property address, balance or original mortgage amount, and monthly payment.

intelliTip

Online screenshots are OK if they show all of the required information.

Void Cheque

Must show your name, property address, balance or original mortgage amount, and monthly payment.

Property Tax Payment

Latest property tax statement and/or proof of payment of tax due.

Identification

Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card).

intelliTip

All ID text, photos and numbers must be clearly visible.

* Lenders sometimes require other documentation, depending on their policies. Depending on your qualifications and paperwork, approvals may take more time. If your situation doesn’t match the above, simply email us and we’ll point you in the right direction. OAC.